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a major, new bold investment program, going into a new market, expanding a new technology, ect., you are worried about what the tax rate will be when that's generates cash in nine years. the best thing to do is create a lower rate, an expectation that there's not giant tax increases later. >> i agree with that. i think we should do in, but, a, you know we have the highest statutory right and no higher than average effective rates because we have the narrowest base of owl corporate income in the world. >> yeah. >> one of the reasons we have that system is because people like us argued for many years that the more efficient thing, the more, the better way to encourage investment was not to cut the corporate rate, but to have massively accelerated depreciation, expansion of investment, focusing on incentives rather than cutting the rate overall. i think the intuition is changing, but the way we're going it cut the rate is not by closing loopholes, but come out a painful expansions of the base like getting rid of accelerated depreciation and things which have a value so i think -- >> is
. we'll talk technology later on but that's not the only subject. what's coming up? >> reporter: a very cool napa valley. we are very close to silicon valley, so here at napa valley ceo technology summit we'll be joined throughout the day by a number of luminaries from the technology industry. i'll be talking to john donahoe, ceo of ebay. back to you. >> french laundry, that's the key tonight. french laundry. he's smiling like he's already been. meantime, a road map starts at cross section of wall street and washington. third weeks of losses as congressional office highlights difficulties if no fiscal cliff worked out. >> jcpenney shares on sale as it posts a much bigger loss and revenue miss. concerns mounting now about whether ceo ron johnson can right this ship. >> disney shares under pressure. casually optimistic about theme park business. >> groupon, one analyst slashing his down to one. >>> the worries the president and washington lawmakers will not agree on a deal to avoid the fiscal cliff. the cbo warns if an agreement is not struck by the end. year, the u.s. economy would head
leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. can you help me with something? nope! good talk. [ male announcer ] or free windows 8 training when you buy a computer at staples. another way staples makes it easier to upgrade. >>> all right. so, the big conversation happening in washington right now is about something which i think is misleadingly been mislabeled the fiscal cliff. it's termed by ben bernanke. >> i think we'll have a misunderstanding about what is going on. i want to take a second to set the context. it goes back to 2010. here is why i find the discussion maddening. 2010, tea party revolt, what happened? people on the right mobilized. there was a lot of backlash against obama care and there was this obsession with the debt and deficit. we are spending too much money, not taking in enough, it's going to hurt this country, we are going to get inflation, high interest rates, we will end up greece. republicans were elected. then a lame duck session. a huge conversation about how horrible the d
're looking for powerful brands because you can't invent a brand over night. we're look for technology that other people can't replicate. looking for access to growing not shrinking markets. there are a lot of nuances to those, but those things give a company pricing power. liz: president obama, it's just been announced will be holding a news conference on wednesday. okay, he just had one. he's going to hold another one. we're presuming that means that there will be an update on the situation. let's watch the levels of the market right now. we're up about 7 points. see if the market cares about that announcement at all. we will watch as we get closer. just 50 minutes before the closing bell rings. go on. >> my point is i want people to be positioned so they don't have to worry about what happens next week. we will all pay attention and still be prepared for five years from now. liz: you stay pick stocks that have ideas or technology that cannot be replicated. >> ideas, technology, brands and access to markets that are growing and hard to get into. those are the kinds of stocks you want
. i think a better path if he is interested in green technology to reform the research and development efforts at the federal level. so that f there is some breakthrough to be had, the federal government can fund that. but clearly this venture capital model has failed. >> would in some private company have found it already? that seems most logical way to go. you said you don't know what the president will do. he gave us a sneak peek in his acceptance speech. >> we want our children to live in an america that is not burdened by debt or threatened by the destructive power of a warming planet. i look forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. we have more work to do. >> well, i watch the president's speech and on global warming, and really stuck out because what has happened? the iea, just a few months ago said that the u.s. has reduced its co2 emissions. why hasn't happened? because of natural gas. clearly, what will happen the next four four years, the obama administration and the epa are going to continue imposin
into a conventional mattress store, it's really not about you. we have so much technology in our store to really show t customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number settingnd allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your body needs. each of your bodies. so whatever you feel like, sleep number's going to provide itor you. during the final days of our semi-annual sleep sale, save $500 on our classic series special edition bed set plus special financing on selected beds but hurry sale ends sunday. you'll only fi the innovative sleep number bed at one of our 400 stores, where queen mattresses start at just $699. melissa: so as if sanctions are not bad enough, the iranian governme
rates and rigs. this technology is being deployed in such a wide area and so rapidly and with constantly changing technology that the issue for natural gas at this moment in terms of price isn't the depletion rate. it's the huge backlog of wells that have been drilled that haven't been connected to transportation networks to move it from the well head to the markets. so you have a lot of gas sitting there just waiting for the tap to be turned on and that will continue to happen because this is something that is changing the u.s. energy market and is something that at these prices is still profitable for the companies. >> before we let you go, what do you think they are saying in the halls of opec today about this report? >> i don't think halls of opec are that worried. china and the emerging market demand is not going to go away. it may not accelerate as quickly as some people had predicted. certainly the destination for oil from the middle east increasingly is going to be asia. it already has been. we are already looking at perhaps in the next five years according to this report today n
are really waiting to see how consumers and enterprises adopt this technology. i think it's great. i'm not the only consumer out there. i learned early on in the career, don't design products just for myself and waiting to see how consumers adopt these things. i think microsoft did a great jb on it. and now we need a lot more apps and more devices to ship. >> you got your finger on the pulse of so many different products, paul. you must have a guess how it's received. there must be a reason why you say cautiously optistic and how consumers receive the product. >> it's just, you know, you never know. a new product comes out. if everybody knew how consumers would react to things every hollywood movie would be a blockbuster. >> true. >> i look at it and say we'll build the enabling technology and be here and make sure that we make the investments in r&d so that we can build the next generations of products to be better an better and hopefully that wave comes in. you think about the smartphone wave to hit, we kept ourselves prepared. we built the products the right way. and when it hit,
phone. across the parched land of the dense rain forests of the congo. technology is transforming things. everything is speeding up. everything is opening up. if i can talk about something i actually know about for a moment, this reminds me of the arrival of punk rock in the mid- 70's. the clash was the very base of the rock-and-roll pyramid. overnight they gave the finger to be dreadful business that was at the top of the pyramid. it was called progressive rock. epix song, know the lyrics. great reviews. -- epic songs, no good lyrics. great reviews. but the band made no pretense of being better than the audience appeared they were the audience. virtuosity was out. the clash were like a public- service announcement with the cars. -- guitars. they gave u2 the idea that social activism could make for a good social right. i would like to point out none of your professors as ever draw the connection between the arab spring and the clash. [applause] [laughter] little intermission. ok. sharpen your pencils. i do not need to lecture you about change of the air you breathe. you are in it. i thin
between technology. and the best way to handle a high-tech capability is with ao-tech solution. but i can't speak to that. you need to get a fighter pilot here and talk to you about how to do that. >> greta: i take twe are not the the only one who is have drones mp the israelis have drones. i wonder if the iranians thought this was an israeli drone or our drone or they took their chances, one or the other. >> the other question is, was this something cleared with the central command authorities or was this a couple of pilots acting on their own. you don't really know at this point. >> greta: how do you think things are received in israel, now that we have had the election and prime minister netanyahu alined with governor romney and he had a frosty relationship, it was reported with president obama, going back to a year and-a-half, when he dressed him down in the oval office. does this re-election change anything in the middle-east at all? >> obviously, i think it strengthens president obama's hand next time he sits down with prime minister netanyahu. but whatever the tensions that might b
go for a walk? dr. scholl's pro inserts with shock guard technology relieve different types of lower body pain by treating at the source so you're a whole new you. where is everybody? that's not your dad. go pro with dr. scholl's. >> greta: the first time, iranian jets tried to shoot down a u.s. drone, that the pentagon says was in international waters. but while this is happening, is the u.s. holding secret talks with iran? president obama senior advisers is reportedly working behind the scenes to lead the talks. the former security adviser for president bush is here, steve hadley. first, your thoughts about the iranians firing at our drone. >> someone's going to have to make a judgment, is it anath of war or know? it's a very provocative act, an aggressive act. the press reports are that the drone was in international air space, where it had a right to be. it shows the volatility of the situation. as we talk about to negotiate, not negotiate, what to do with the nuclear program, this kind of incident or an intersection between our naval forces in the persian gulf, could provoke a c
and attack soesh immedia social media. game technology also reporting better fourth quarter earnings on sales of slot machines. >>> let's get back to the broader markets. joining us live from new york is maury harris, chief u.s. economist at ubs investment research and from richmond, virginia, alan gail from ridge worth capital management. . welcome to both of you. maybe we should start having a bell ding every time we talk about the fiscal cliff. we were talking about it this morning and trying to figure out what it means. the cbo came out with new projections. they do talk about how this could push the jump in the jobless rate to 9.1% by the end of 2013, but they say over the longer term, you will see the unemployment rate fall and the economy would return after some time. they're talking about a long time, though. i think it takes until about 2020 before you see the rate back down at 5.5%. how big of a deal is this, what happens next year and beyond if we do go over the fiscal cliff? >> first of all, i think it's a public service that the cbo is warning what would be these likely dire cons
and for the information technology revolution which has been among the drivers of educational change in the last 15 to 20 years. it has been like a runaway train. one response to the higher education funding crisis has been increased appeals, especially from legislators and business leaders for higher education to increase online education. the hope is that more students will receive college degrees faster and at less cost. research shows that done appropriately, the application of technologies can improve learning outcomes and decrease the cost of delivering that education. they say things have proven elusive. massive, open online courses are testing the market. universities now offer these class's prompting airlines like college may never be the same. stay tuned. it could be a wild ride. good ideas take time than research to explore. penn state operates a world campus with nearly 12,000 students enrolled in fully on line programs. our model has been honored by the sloan contortion as the top online program for 2012. it continues to be bald. in the coming year, we must prepare consent for the next gener
brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. i'i invest in what i know.r. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it car
. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> a strategy session for your portfolio. we're keeping tabs on where stocks are heading and rising above the looming fiscal cliff, jason trennert and barry knapp on what matters for your money. >>> a healthy profit. athenahealth ceo john than bush and wharton professor zeek amman we will making obama care working for you. >>> and what needs to be done for the electric grids throughout the northeast. >> le
have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your body needs. each of your bodies. so whatever you feel like, sleep number's going to provide it for you. during the final days of our semi-annual sleep sale, save $500 on our classic series special edition bed set plus special financing on selected beds but hurry sale ends sunday. you'll only find the innovative sleep number bed at one of our 400 stores, where queen mattresses start at just $699. >>> we are rising above the fiscal cliff this morning with a private equity titan, wilbur ross, chairman and
of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> good morning and welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick and andrew ross sorkin. our top story is an economic ticking time bomb. what am i talking about? the fiscal cliff. about a dozen ceos are scheduled to meet with president obama today, including ge's jeff immelt. et another friend of the show,
top technology companies, are asking us to preserve education and r&d, which is the bedrock of innovation and competitiveness. and this week, even the u.s. chamber of commerce said it was opened to a compromise that included revenue. these are the constructive voices i hope my colleagues listen to as we approach negotiations on the fiscal cliff. politics is the art of compromise, and working together we can reduce our nation's deficit and preserve strategic investments in those programs that fuel economic growth and competitiveness. even in the midst of the civil war, president lincoln and the 38th congress authorized the transcontinental railroad, the homestead act and the land grant college and university system. they understood we had to invest in the future while also dealing with the crisis of the present. no doubt we all have something to lose if we do not succeed. so perhaps by each of us giving a little we can revive this economic recovery, restore faith in our ability to govern responsible low and deliver on that mandate we just got last week from the voters. i yiel
of investing technology is now within your grasp with the e-trade 360 investing dashboard. e-trade 360 is the world's first investing homepage that shows you where all your investments are and what they're doing with free streaming quotes, news, analysis and even your trade ticket. everything exactly the way you want it, all on one page. transform your investing with the e-trade 360 investing dashboard. >>> it's all about china on the program today. in the meantime, though, you can also get who are if you head over to cnbc's special china reports on our website. it's changing china.cnbc.com. elsewhere there were chaotic scenes inside and outside the greek parliament last night as lawmakers narrowly approved an austerity package. some 100,000 anti-austerity protesters were gathering on the second day of a 48 hour national strike. rioters as you can see there threw rocks and bombs at police who responded with tear gas and water cannons. meanwhile parliamentary workers interrupted the debate on the measures by walking out when they discovered their salaries would be cut and several lawmak
technology. oral-b power brushes. go to oralb.com for the latest offers. ♪ ♪ >> neil: finally, it hasn't even been a week since the election and i'm already reading it's all mitt romney's fault. all of it. bull. not the mitt romney i knew. maybe the mitt romney you knew or mitt romney many of the media wanted you to know but not the romney i knew. he lost, but it doesn't make him a loser. the election is done. you would think that an relenting media might finally cut the guy some slack. it covered many campaigns and many candidates in my life. i have known few are more decent than mitt romney and don't get me started on his wife ann. i'm not showing bias. but i'll show anger i won't see hi in him. he's too classy to be caddy. i am not. media seemed fixated on romney sometimes fixing positions over years didn't apply to the same standard to his opponent shifting positions often over months. mitt romney can't evolve on immigration but barack obama can on issues like gay marriage. no, no, no. rip romney for contraception views that changed oaf decades. but say nothing about how in one remarkable
have the best technology. they have to build up the kind of emotional appeal so people are willing to go out there and spend their time and resources and provide their talents because they believe in someone and what they are offering. we are hopeful that many people that helped us this time will end up running for office themselves, are leading nonprofit, or playing enormously valuable roles in their community. again, i think the only reason all this happened on the ground, we have remarkable staff and the campaign they put together is the best in history. the reason those people got involved is because they believed in barack obama. it was the relationship between them and our candidate. >> one last thing, we never thought of you guys as rooters. >> i think that is it. thank you all for joining us. this is our last conference call for the campaign. it has been a pleasure talking with you often, and i am sure we will have an opportunity to work together again. thanks. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >
, whether that was registration forms or getting people their checklist or whatever technology they were using, that made him a difference because they could talk to more people. these are hundreds of thousands of door knobs and phone calls they were able to do. so that's a big thing. then when you look at the exit polls, there's a couple things beyond the changing face of the nation, a changing attitude of the nation. when you think about what happened on election night, wisconsin elected the nation's first open lesbian senator to gay marriage approved in four states. marijuana would be legal in colorado. this is a country where people are becoming more socially liberal, while the republicans are doing this soul-searching between what type of social policies they want to promote. that trip to a lot of senate candidates. we will talk more about that i'm sure. and so this is where young voters are a big part of this demographic key as well. they actually turned out in bigger numbers in 2012 than he did in 2008 despite her not being an overall. the democrats talked a lot in 2008 about want
manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. >>> we are back now with our panel. >> ahead of the launch of the movie adaptation "lincoln" starring daniel day-lewis, doris, herself, will be starring in -- no, roll the credits, so excited about "lincoln," our political director and chief white house correspondent after epic great work on the campaign, chuck todd. the "washington post's" bob woodward still with us, and the newly elected republican strategist from texas texas, joaquin castro who just happens to have a twin brother who is the mayor of san antonio. oh, my god. the joke and the whole fun with the split screen -- never. that will get old, never. chuck todd, let's start with the scandal, about general petraeus. within the white house this had to be something that took him by surprise. them by surprise but then there was a big question does he need to resign? >> it really did. the president did take -- they didn't want to fill this step. it was funny to watch so many
's no film of any of those other things. the patterson film is the best. the more technology put into it with new developments with 3-d, it stands up better and better. >> do me a favor before we let you go and can you perform for us a squatch call? >> i can do one. >> great. >> just -- >> just go right after it. thank you so much. that was great. i'll pay for that later in the building i'm sure. thank you for joining us at the table. up next, toure turns into rod when he comes back to the table. >> thank you. >> thank you. you won't find a "home rule" on every corner, a "stag provisions" down every block, or a "hugh and crye" in every town. these are the small businesses of america, and all across the nation they're getting ready for their day. hundreds of thousands of small businesses are preparing for november 24, a day to open doors, and welcome the millions of customers who will turn out to shop small. small business saturday. visit shopsmall.com and get ready. because your day is coming. music is a universal language. but when i was in an accident... i was worried the healt
's a plan to make sure this country is a global leader in research and technology and clean energy, which will attract new companies, and high-wage jobs to america. it is a plan to put folks back to work, including our veterans, rebuilding our roads and our bridges and other infrastructure, and it is plan to reduce our deficit in a balanced and responsible way. our work is made that much more are urgent because at the end of this year, we face a series of deadlines that require us to make major decisions about how to pay our deficit down. decisions that will have a huge impact on the economy and the middle class, both now and in the future. last year i worked with democrats and republicans to cut a trillion dollars worth of spending that we just couldn't afford. i intend to work with both parties to do more, and that includes making reforms that will bring down the cost of health care so we can strengthen programs like medicaid and medicare for the long haul. but, as i've said before, we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine
to the poll. mitt romney got fewer than john mccain and still came within two points. the technology included the so-called system some of you have maybe read about in the last couple of days which was the republican get-out-the-vote technology to ensure people are getting to the polls. i'm told on election day it had so many hits around the country as it should have from people saying this person voted and this person didn't. but if that was under attack it closed down. so for those of you hear from again that technology field to enter some politics, we republicans want to talk to you. [laughter] we need some help. the democratic system was quite effective at micro targeting and i've heard lots of anecdotes and one this morning that you will love that somebody gets a call that's a democrat from law school and was we see that you voted and disinformation is publicly available. was it you that voted 2:00 on election day but your sister hasn't. can you call her. that's the level at that point. that led to a turnout effort that in the end makes the difference. the increase in turnout among the b
jet that industry experts say may have been developed with stolen u.s. technology. the chinese j. 31 stealth fighter has an air intake and wing dimension that is suspiciously similar to the american f-35 and a silhouette similar to lockheed martin's raptor. u.s. navy officials confirm a russian nuclear powered attack submarine was detected 300 miles off the east coast of the united states in late october. russia's navy commander announced earlier this year that on june 1, russian nuclear powered subs would return to patrolling the world's oceans as they did during soviet times. at the pentagon, jennifer griffin, fox news. >> heather: coming up, new insight into the 2012 election. polling showing the biggest gender gap in recorded history is this part of a new trend? if so, what will it mean for future elections? and then fed up. we'll talk with one county leader who is calling on the feds to get involved with power restoration in his community as customer frustration grows. >> they don't answer it. i call lipa, they say, we can't do anything for you. you have to get an inspector. can
and technology and clean energy, which will attract new companies and high-wage jobs for america. it is a plan put americans back to work, including veterans, rebuilding our infrastructure, and it is a plan to reduce our deficit in a balanced and responsible way. our work is made that much more urgent because at the end of this year we face a series of deadlines that requires to make major decisions about how to pay our deficit down. decisions that will have a huge impact on economies and the middle class, both now and in the future. last year i work with democrats and republicans to cut $1 trillion in spending that we could not afford. i intend to work with both parties to do more, and that includes making reforms that will bring down the cost of health care so we can strengthen the programs like medicaid and medicare for the long haul. but as i have said before, we cannot just cut our way to prosperity. if we are serious about reducing the deficit, we have the combined spending cuts with revenue, and that means asking the wealthiest americans to pay a little more in taxes. that is how we did
technology boom, the creation of private credit, and rapid increase in tax revenues. stephanie showed us something that was not a forecast at the time. those who were there in 2000 remember that the secretary of the treasury at the time and the chairman of the federal reserve were talking about a 13-year horizon for the complete elimination of the public debt. there was no forecast that the technology boom would come to an end, but it did. from 2000 onward, we were back into a more normal position of the government running substantial deficits as the private sector rebuild its financial position. that is the first point. long-term forecasts, the idea that one can control the future position of the debt and deficit by actions taken today, is an extremely tenuous and debatable idea. the second point is that there are certain assumptions being made which create extremely scary scenarios. those numbers that were shown -- in stephanie's presentation, the expectation that public debt would rise close to 200% of gdp by 2005. what is that based on? two important assumptions drive these projectio
much rather power this economy with the energy technologies that won't be viable for 30, 40 years from now as opposed to driving the economy with what's viable today. >> phil, this analysis said we could be oil exporters within the next 20 years or some what kind of an impact would that have on our economy as a whole? >> well i think it is going to give us a new form of income. it will lower our trade deficit. we were always concerned about, you know, sending all our money to china for goods and the trade deficit with china, it is not fair. guess what? we're going to be in a distinct advantage over china, not only from a trade standpoint because we're going to be able to provide them with energy they need but also because we're going to be able to attract manufacturing jobs here to the united states. why? because we're going to have the reliable, low-priced energy source for years to come. that's going to bring manufacturing back to the u.s. that will bring factories and jobs. this is historic. i'm euphoric. i've seen it coming for some time. i'm glad the international energy agency is
technology we talked about. it is how the reach people with a live? which for a lot a young people, they are online. idea.boadebroader the other side was effective in taking the comment that the missouri. >> yes, sir. >> senator, it seems to me the policies yet in the fight as may be needing change might have been the policies that were adopted as a necessity to get to the primaries. how do think the primary system can change to allow a candidate to come to that might represent the center right as opposed to the far right. how cannot be adjusted? >> and the democratic and republican side, there is a lot of talk about that. and to you go to a national primary -- until you go to a national primary, which no one is talking about, you will have this issue. there were some iowa republicans recently meeting same they had to be careful. we need to be careful. primaries are going to continue and be good to that process this go round. the president had no primary opponent and he was free to have a rose garden shed jeff burris. we cannot have that luxury. we have to go to this process. the r
. it is a plan to make sure this country is a global leader in research and technology and clean energy, which will attract new companies and high-wage jobs for america. it is a plan put americans back to work, including veterans, rebuilding our infrastructure, and it is a plan to reduce our deficit in a balanced and responsible way. our work is made that much more urgent because at the end of this year we face a series of deadlines that require us to make major decisions about how to pay our deficit down, decisions that will have a huge impact on economies and the middle class, both now and in the future. last year i worked with democrats and republicans to cut $1 trillion in spending that we could not afford. i intend to work with both parties to do more, and that includes making reforms that will bring down the cost of health care so we can strengthen the programs like medicaid and medicare for the long haul. but as i have said before, we cannot just cut our way to prosperity. if we are serious about reducing the deficit, we have to combine spending cuts with revenue, and that means asking
Search Results 0 to 41 of about 42 (some duplicates have been removed)